The start of a new year is the perfect time for reflection and renewal. It’s an opportunity to look back on the highs and lows of the past year—cherishing moments like holidays, family milestones, and the joy of welcoming new children or grandchildren while also learning from challenges like economic pressures or health struggles. As … Read more
The estate tax exclusion is a set dollar amount that can be transferred tax-free when an estate is being administered. Each year, there are inflation adjustments, and the Internal Revenue Service has announced the figures for 2025. Let’s take a look at the details. 2025 Federal Estate Tax Exclusion In 2017, the exclusion was $5.49 … Read more
Some individuals create a Revocable Trust, pour-over Will, Property Power of Attorney, Health Care Power of Attorney, Living Will, Health Insurance Portability and Accountability Act Authorization Act and think that those documents alone constitute a complete Estate Plan that will protect their family. While the documents themselves represent a solid beginning, the documents don’t cover every asset or concern. A qualified Estate Planning attorney will consider all and provide advice regarding all the elements necessary for a complete Estate Plan.
Most people have many financial goals during their lifetime, but what about after they are gone? The reality is that preparing for the future does not just mean thinking about what will happen while you are still here on earth. You may have loved ones depending on you, who you want to provide for even … Read more
As the spooky season transitions into the season of Thanksgiving, it’s important to remember our why. Most of us do what we do for our families and loved ones. As the holiday season approaches, do something that will have a lasting impact on your family. Create a comprehensive Estate Plan. Make sure that you take the time to consult a qualified Estate Planning attorney who can provide advice regarding all the elements necessary to complete your plan.
It might seem surprising, but estate planning and boots actually share more similarities than you might think. Let’s take a look at how these seemingly unrelated things align: Protection from the Unexpected Just like a solid pair of hiking boots shields your feet from sharp rocks, muddy trails, or sudden downpours, a well-constructed estate plan … Read more
Do you think estate planning is only for the rich? Think again. Most Americans are not billionaires or even close, but that doesn’t mean estate planning isn’t important. Even if you’re not worth millions, your goals likely resemble those of the wealthiest individuals. Estate planning helps you achieve those goals, no matter the size of … Read more
While contemplating one’s own mortality can be unsettling, most people recognize the importance of establishing an estate plan. One common barrier to initiating this process is a fear of legal jargon, which can make meeting with an attorney seem daunting. Fortunately, a good attorney will explain your options in plain language. You can also reduce … Read more
When you make an estate plan, you have to decide what to share with your family. There are both pros and cons of having a conversation with your loved ones about your plans and you should think carefully about the upsides and downsides when you decide what’s best for you. Whatever you decide, the key … Read more
The month of October has been designated as Estate Planning Month. This is an important designation because it serves as a crucial reminder that planning and preparing for your legacy is important, and it is, unfortunately, something that many people put off for far too long. Recent studies have shown that far too many people are … Read more